Introduction to Microeconomics

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1. Intro to Micro: Demand and Supply

  • Introduction to Micro
January 21, 2010

Tags Austrian Economics Overview

Micro means dealing with the individual action. Macro deals with larger pictures of business cycles. Macro is screwed up. Micro is in pretty good shape. Study it first. Every individual has goals they wish to achieve.You use means to achieve goals. Economic theory is based on this deductive fact that the individual wants to arrive at goals - the means-ends objective.

Part 1 of 14. Presented in 1986 at New York Polytechnic University.

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